Bitcoin rebounded in the morning, and the daily line turned negative for the first time and corrected after five consecutive positive gains. After consolidating at a high level, a bottom appeared last night, with pressure around 72,000 falling back to around 69,000. Subsequently, in the upward trend, the retracement space was larger than the upward space. The short-term adjustment pattern was out of the way, and local corrections were made for the previous rise. At the same time, yesterday's daily line It closed at 71,000, triggering a retracement in the early morning, but failed to break out of the continuation! It can be said that the short-term retracement is over!

In the 4-hour chart, a continuous negative retracement fell below the middle track, but after the retracement, the market closed above the middle track. The correction in the strong market has been completed. After the retracement, the lost ground can be quickly recovered, which is very likely to further break through the high, and then in Out of continuation, it fell slightly and sought important support before testing again. The short-term pullback at noon used the mid-rail as a conversion support to trigger a new upward trend.

At noon, it is recommended to go long first when it falls back to around 71800. The target is a new high of 73000, and the defensive position is 71300, the short-term bullish strength point! $BTC $ETH #cpi #BTC